Wednesday, 6 July 2011

Case Study - Biosensor (SGX) - Symetry Triangle Breakout


Try to analyze SGX stock with TA:

1. Trend Analysis: Uptrend (Bullish)
2. Breakout Symetry Triangle with high volume (above 40d MA) (Bullish)
3. Candle Stick : Spinning top -- Indecisive (pending confirmation)
4. ADX : Good momentum (Bullish)
5. MACD :  Cross 0 from bottom forming a U shape. (Bullish)
6. RSI : Above 50% (Bullish)
7. Stochastic : Bullish kiss over and penetrate above 80% (Bullish)

Conclusion: 6 Bull 1 Neutral 0 Bear

Entry Price: 1.31
Profit Taking: 1.39, 1.46, 1.51
Cut Loss: 1.26

Target Price from sym triangle breakout: 1.53

High High Sapcres High


1. Trend Analysis : Uptrend (Bullish)
2. Higher high and higher low : (Bullish)
3. Candle stick: long white body with great vol -- above 40 days moving average (Bullish)
4. ADX : Uptrend with strong momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Cross 70% (Bullish)
7. Stochastic : Cross 80% (Bullish)

Conclusion: 7 Bull 0 Bear

Entry Price: 4.55
Profit Taking: 4.65, 4.75,4.87
Cut Loss: 4.30